Forex Trading Light Ahead of U.S. Non-Farm Payroll Report

Forex markets are trading in tight ranges ahead of this morning’s U.S. Non-Farm Payroll Report.

Forex markets are trading in tight ranges ahead of this morning’s U.S. Non-Farm Payroll Report.

Traders are looking for a loss of about 175,000 to 225,000 jobs. The unemployment rate is expected to come in a 9.8%.

Investors will be looking for signs of improvement in the economy. A better than expected number is likely to trigger increased appetite for higher risk assets. A job loss greater than estimated should favor the Dollar.

The Dollar is trading mixed this morning, posting gains versus the Euro, Canadian Dollar and British Pound in light trading.